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9019 E Palm Ridge Drive Scottsdale, AZ 85260

3 Beds 3 Baths 2,632 sqft Built 1991

$600,000

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $227.96
  • 3 Days on Market
  • MLS # : 6162159
  • Updated Date : 11/20/2020 at 19:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,632 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Walk in to an open & welcoming home with high ceilings and sweeping loft looking over the entry. Kitchen has been completely remodeled with stainless steel appliances, double oven wifi-fridge. Master bath & guest bath both have beautiful marble counter tops, giving a luxurious feel. Newer HVAC units, triple pane windows, water heater, flooring/ baseboards, fireplace mantel, bathrooms, and much more. TONS OF PRIVACY with a built in BBQ perfect for entertaining. YOU CAN'T BEAT THIS LOCATION! Eagle point HOA has a pool so no maintenance required by you...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eagle Point

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k465k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Eagle Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Redfield Elementary School Primary Regular 513 33 8
Desert Canyon Middle School Middle Regular 566 29 8
Desert Mountain High School High Regular 2,247 94 8

Redfield Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 33
8
GreatSchools Rating

Desert Canyon Middle School

  • Education Level: Middle
  • # of students: 566
  • # of teachers: 29
8
GreatSchools Rating

Desert Mountain High School

  • Education Level: High
  • # of students: 2,247
  • # of teachers: 94
8
GreatSchools Rating
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$2,214
Property Tax -$281
Property Insurance -$78
HOA -$8
Property Management Fees -$99
CASH FLOW
-$29

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$600,000

PROJECTED PRICE

$2,650

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$40,644

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,954

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,6664$3,0005$3,295
$3,295
RENT COMPS ANALYSIS
  • 9019 E Palm Ridge Drive Scottsdale, AZ 1
    • 3 beds 3 baths ∙ 2,632 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,632 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9345 E Pine Valley Road Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,477 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,477 Sqft ∙ Built 1996
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.07
    •  
  • 9045 E Aster Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 1988
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,666
    • $1.07
    •  
  • 9075 E Conieson Road Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 2,632 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,632 Sqft ∙ Built 1992
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.14
    •  
  • 9094 E Pine Valley Road Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 1991
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.21
    •  
PROPERTY LISTING DETAILS
Adrian Arnlund
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162159
Last Updated: 11/20/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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